Just finished up my first flip in East Boca and I am know looking to do more flips. 

If it a flip? 

Ok.....Year one of flips is coming to an end (kinda of...) and it started great and it continues to move in the right direction.....Now comes the really fun part of the business.....Rentals....Just like when we started, we knew nothing about flips and now know enough to be dangerous....Would love to have some input on things we should know, ask, etc as we move into our first rental property....Working on making an offer on our first as we speak and here is what I know so far...Property asking price: 129kType: DuplexAlready have tenants and recently signed new lease agreementWhat are some of the items we should look into or better yet, not miss as we go thru this transition.

The flip side is that as A class overbuilds, they drop their rents, and  B tenants are able to move up a class, and the trickle down effect hurts everyone.  

I am wanting to get into the business (just like everyone else) of flipping.  

With the way property values are jumping, it's starting to make more sense to just build new, rather than renovating and flipping.

I'd love to catch up with you and hear how your recent flip went.  

* Are you trying to flip or hold and rent?

I want to locate a place I can call home, but also become very knowledgable so I can secure property to either rehab and rent or flip (make money).Don't need to get rich quick approach, rather solid practical ways to be successful!

I'm a family man and an architect living in Sunnyside, NY starting to research the market for real estate investment, maybe flipping houses could be a nice option due to my experience as an architect and designer.